Celes’ funding round provides startups in Latin America with an opportunity to access additional financing for growth and development. The Colombian startup Celes has secured $1 million in initial funding to expand its sales team and develop its AI-driven retail solution for small and medium-sized businesses.

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Luis Almanza, the company’s CEO, along with Luis Ballestas (COO) and David Florian (CTO), founded Celes as a data analytics consulting firm. Over time, they identified recurring problems and created a Software-as-a-Service (SaaS) solution that is currently used by over 400 points of sale serving 3 million end consumers, connecting nearly 20 ERP and POS systems in Colombia, Peru, Bolivia, and Ireland.